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Swedavia AB (publ) - Tender Offer (SE) - Results

Swedavia AB (publ) ("Swedavia") has successfully issued SEK 2 billion in subordinated hybrid bonds with a perpetual maturity and first redemption option after 5 years (non-call 5 year). The settlement date of the hybrid bonds are 15 November 2023. - Results of Tender Offer - SE0013486271

09 NOVEMBER 2023

Full announcement including disclaimers and offer restrictions available via Source: Swedavia Airports

"In connection with the new issue Swedavia announces the results of the tender offer (the "Tender Offer") to the holders of the Issuer's outstanding SEK 1,000,000,000 subordinated hybrid bonds callable November 2024 with ISIN SE0013486271 (the "Securities"). The Tender Offer expired at 12:00 CET on 9 November 2023. Securities in an aggregate amount of SEK 892,500,000 have been validly tendered and accepted by Swedavia.

- We are very happy about that the offer attracted so large of interest from the market and that both the issuance process and tender offer process was very smooth. The large interest from Swedish institutional investors but also from the Nordic investor base in combination with the substantial over subscription shows Swedavia's strong standing amongst Nordic investors, says Kristina Ferenius, CFO Swedavia.

New hybrid transaction:

The hybrid bonds are split into two tranches, one with a floating rate coupon and one with a fixed coupon. The floating rate tranche was priced with a coupon of 3mS+230bps and SEK 1.4bn and the fixed tranche of SEK 600m will be set with a coupon of 5.573%. The orderbook consisted of over 75 unique investors and retrieved a larger than initially indicated volume. This generated a more attractive pricing for Swedavia in the new transaction.

Nordea Bank Abp acted as Global Coordinator and Joint Bookrunner and Danske Bank acted as Joint Bookrunner on the new hybrid transaction.

The tender offer:

The Issuer will complete the Tender Offer and the price for the Securities in the Tender Offer amounts to 100.925 per cent. of the nominal amount. The Issuer will also pay accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement date for the Tender Offer. Settlement for the Tender Offer will occur on 15 November 2023.

Settlement of the Tender Offer will occur as secondary trades via Nordea Bank Abp. All tendering holders should coordinate their trade bookings with their local sales representative immediately. Securities tendered and accepted by Swedavia for purchase pursuant to the Tender Offer will be cancelled in accordance with the terms and conditions of the Securities."



Swedavia announces tender offer for certain outstanding SEK capital securities - SE0013486271

06 NOVEMBER 2023

Full announcement including disclaimers and offer restrictions available via Source: Swedavia Airports

"Swedavia AB (publ) (the “Issuer”) is offering holders of the Issuer’s outstanding capital securities outlined below (the “Securities”) to tender any and all of their Securities for purchase by the Issuer for cash (the “Tender Offer”) at the price set out below. Securities will be repurchased subject to the terms and conditions described in a tender information document dated 6 November 2023 (the “Tender Information Document”).

Description of the Securities / ISIN / Outstanding Amount / Minimum Denomination / Purchase Price

Subordinated perpetual capital securities callable November 2024 / SE0013486271 / SEK 1,000,000,000 / SEK 1,250,000 / 100.925%

The tender information document can be found attached to this press release and is also made available by the dealer manager (contact info set out below).

In connection with the Tender Offer, the Issuer has announced that it intends to issue new SEK denominated hybrid capital securities (the “New Securities”), subject to market conditions.

The Tender Offer expires at 12:00 CET on 9 November 2023, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer. Settlement of the Tender Offer is expected to occur at or around 16 November 2023. The Issuer’s repurchase of Securities is conditional upon a successful issue of the New Securities and the conditions set forth in the tender information document.

The Issuer will, in connection with the allocation of the New Securities, consider, among other factors whether or not the relevant investor seeking an allocation of the New Securities has, prior to such allocation, validly tendered Securities pursuant to the Tender Offer.

The Issuer has mandated Nordea as to act as Dealer Manager on the Tender Offer. "


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